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Policy Goals and Outcomes in ‘Three Worlds of Welfare Capitalism’

  1. Journals
  2. Economics, Finance, Business & Management
  3. Journal of Contextual Economics – Schmollers Jahrbuch
  4. Vol. 123, Issue 1
  5. pp. 27–41

JOURNAL ARTICLE

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Headey, B., Muffels, R. Policy Goals and Outcomes in ‘Three Worlds of Welfare Capitalism’. Journal of Contextual Economics – Schmollers Jahrbuch, 123(1), 27-41. https://doi.org/10.3790/schm.123.1.27
Headey, Bruce and Muffels, Ruud "Policy Goals and Outcomes in ‘Three Worlds of Welfare Capitalism’" Journal of Contextual Economics – Schmollers Jahrbuch 123.1, 2003, 27-41. https://doi.org/10.3790/schm.123.1.27
Headey, Bruce/Muffels, Ruud (2003): Policy Goals and Outcomes in ‘Three Worlds of Welfare Capitalism’, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 123, iss. 1, 27-41, [online] https://doi.org/10.3790/schm.123.1.27
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Policy Goals and Outcomes in ‘Three Worlds of Welfare Capitalism’

Headey, Bruce | Muffels, Ruud

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 123 (2003), Iss. 1 : pp. 27–41

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Article Details

Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/schm.123.1.27
Language
Multiple languages
Pages
15

Headey, Bruce

Muffels, Ruud

Abstract

Measures of income mobility should be valuable for assessing performance in achieving national policy goals. We propose a portfolio of measures to assess policy goals relating to 1. economic growth and rising living standards 2. equality of opportunity 3. equality of outcomes 4. income security and 5. social solidarity. The measures are used to assess recent policy performance in the US, Germany and the Netherlands. These countries are taken as cases (‘best cases’ in terms of economic performance) of Esping-Andersen’s (1990) ‘three worlds of welfare capitalism’.

Table of Contents

Section Title Page Action Price
Headey / Muffels: Policy Goals and Outcomes in ‘Three Worlds of Welfare Capitalism’ 27
Abstract 27
Subjective economic welfare – then policy goals 28
Additional public policy goals – collective goals 28
Methods 29
The three panels 29
Measures 30
Equivalised income 30
Measuring four types of income mobility 31
Results 31
Goal 1 – rising living standards, economic efficiency absolute mobility 31
Goal 2 – equality of opportunity 33
Goal 3 – equality of outcomes 35
Goal 4 – income security, income risk, wave mobility 36
Goal 5 – social solidarity, shared directional mobility 37
Summary: ranking performance in regard to policy goals 39
Discussion 39
References 40

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